Looking to balance out your exposure to BSM? The ETFs below have historically moved differently from BSM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BSM
4 ETFs have low correlation with BSM (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Portfolio High Yield Bond ETF (SPHY) (High Yield Bonds) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio High Yield Bond ETF | -0.10 | 0.10 | 0.18 | 72 | High Yield Bonds | BSM vs SPHY | |
| Amplify CWP Enhanced Dividend Income ETF | 0.05 | 0.21 | 0.30 | 84 | Derivative Income | BSM vs DIVO | |
| WisdomTree U.S. LargeCap Dividend Fund | 0.08 | 0.23 | 0.32 | 92 | Large Cap Value Equities, Dividend | BSM vs DLN | |
| Cambria Shareholder Yield ETF | 0.14 | 0.32 | 0.40 | 91 | Mid Cap Value Equities, Dividend | BSM vs SYLD | |
| Alerian MLP ETF | 0.44 | 0.47 | 0.54 | 67 | MLPs | BSM vs AMLP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.35, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.35 | 0.42 | 0.49 | 82 | Energy | |
| LandBridge Company LLC | 0.36 | — | — | 63 | Energy | |
| Antero Midstream Corporation | 0.37 | 0.39 | 0.49 | 76 | Energy | |
| Plains All American Pipeline, L.P. | 0.38 | 0.41 | 0.49 | 93 | Energy | |
| Dorchester Minerals, L.P. | 0.42 | 0.42 | 0.47 | 54 | Energy |
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